RBS seeks suitors for branches

ROYAL Bank of Scotland has sent sales documents to prospective buyers of the branches it is being forced to sell, in the hope it can draw up a shortlist next month.

News agency Reuters said information was despatched to trade buyers Nationwide and Virgin Money, private equity player JC Flowers and another suitor, sources said.

RBS was ordered to sell 316 branches - many in the North West - by European regulators as a condition of receiving a £45bn bailout in 2008 which left it 81% government owned.

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